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20121226
20121226
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FOX News
Dec 26, 2012 3:00pm PST
58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you m
CBS
Dec 26, 2012 5:00am PST
with the "fiscal cliff," new taxes to help pay for the affordable healthcare act will take effect january 1. but the average american will not really see a difference in his bill to the irs. the wealthiest 2% of americans and the healthcare industry will pick up the majority of the tab. back to you. >> thank you. >>> now, ladies and gentlemen, time for the big story of the day. that is as per usual the weather and now the hardest working woman in showbiz. >> i have been working a lot lately. i know. yeah. the holidays, busy time. and if you are out and about traveling you know the rain has been a big issu the last few days. we'll get some brief dry breaks but we have heavier cells moving through. look over san francisco. everywhere you see that orange and yellow that's the heavier rain moving through actually through hayward right now if you are traveling the nimitz anytime in the near future. dublin-pleasanton socked in with rain. so the main cold front has already moved through. this is just unstable air behind it. cool and breezy throughout the afternoon finally drying out by overnight t
MSNBC
Dec 26, 2012 2:00am PST
cliff before the new year. and president obama has cut his vacation one day short and heading back today. does it still look doable? >> there is hope for a deal but confidence in that grand bargain has already but disappeared. >> reporter: americans are already taking a hard look at their wallets as confidence in the fiscal cliff diminishes. >> i don't think there is a grand bargain but hope a deal will be cut. >> reporter: if congress doesn't change tax cuts in day, middle income earners will owe extra by the end of the year and they will cut back on auto industry, apparel and entertainment. >> once they cut back on that, that will be dramatic. >> reporter: retailers support 1 in 4 american jobs and if the downturn intensifies, those jobs are at risk. >> if retailers stop creating jobs, the economy as a whole stops creating jobs. >> reporter: the weight is excruciating for some and president obama left them $200 billion apart. >> the president was $200 billion higher on revenues and speaker boehner, $200 billion higher on spending cuts. >> if you get 80% of what you want, that's a prett
FOX Business
Dec 26, 2012 1:00pm EST
but with just five days to the new year is averting the fiscal cliff even possible? why not. stranger things have happened. peter barnes with the latest. peter? >> that's right. everyone looking for senate democrat harry reid and president come up with plan-c to make the next move in the standoff. they were discussing next steps to avert a the cliff on monday on christmas eve but no updates on those discussions from the white house today. a spokesperson for senate majority leader harry reid says quote, nothing to report. no conversations with republicans yet. senate republican leader mitch mcconnell who can filibuster anything reid proposes, his spokesperson saying quote, no outreach from any dems. we're waiting on senate dems. so, if nothing is done, that means on january 1st, the nation faces about a five trillion dollar tax increase over 10 years through the expiration of the bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and that medicare doc fix that prevents deep cuts in medicare payments. now the lapse of the tax cuts would mean t
FOX News
Dec 26, 2012 2:00am PST
of the president. fox news confirming he will be cutting his vacation short to get back to work on the fiscal cliff. peter doocy has more. >> president obama will departed hawaii for washington, d.c. late tonight leaving his wife michelle and daughters sasha and malia behind. the latest guidance we have from white house is that the president will be back here in the nation's capital where it is presently 36 degrees sometime tomorrow morning. united states government is set to go off the fiscal cliff on new year's day. at this point we don't know if the president plans to return at the to hawaii if the tax hikes are avoided well in advance of the of the new year. he's there to talk to himself. john boehner will come back at any time. his office told us it would be sometime after christmas. so he could be back as soon as today. the upper chamber in commerce is coming back tomorrow to pick up where they left off on the important domestic surveillance bisa. they will meet for a vote on the $50.6 billion bill for hurricane sandy relief. they will be back in the same zip code as far as we know there are
MSNBC
Dec 26, 2012 2:30am PST
time to avert the fiscal cliff before the new year. president obama will head back to washington tonight. danielle leigh is on capitol hill. good morning. does a deal still look doable? >> good morning. there is hope for a deal but confidence in that grand bargain reform has all but disappeared. americans are already taking a good hard look at their wallets as confidence the avoidance of the fiscal cliff diminishes. >> there is hope a deal will be cut. >> reporter: if congress doesn't oaks spire tax cuts in day, middle income earners will owe $2,000 extra a year. consumers are predicted to cut back in automotive, apparel and entertainment. >> once people decide to cut back on that, the effect is dramatic. >> reporter: the national retail federation says retailers support 1 in 4 american jobs and if the downward trend intensify, those jobs would be at risk. >> if retailers stop creating job, the economy as a whole will stop creating jobs. >> reporter: the wait is e excruciating. president obama visited hawaii after talks on capitol hill. they were $200 billion apart on a deal. >>
NBC
Dec 26, 2012 4:30am EST
before averting the so-called fiscal cliff before the new year. president obama has cut short his hawaiian holiday. he'll come back to washington tomorrow night. nbc's danielle leigh is live. >> reporter: richard, good morning. there. is still a hope that a deal can get done, but confidence in that bargain with real reform has all but disappeared. americans are already taking a good hard look at their wallets, as confidence the country will avoid the fiscal cliff diminishes. >> i don't think there's going to be a grand bargain before the end of the year. there is hope a deal will be cut. >> reporter: if congress doesn't extend expiring tax cuts in just days, middle income owners will owe uncle sam about $2,000 extra a year. retailers will cut back in automotive, apparel and entertainment. >> once people begin to pull back on that, the effect will be dramatic. >> reporter: the national retailers association said retailer its support 1 in 4 american jobs and if the downward turn intensifies. for those, the wait is excruciating. president obama visited troops in hawaii over christmas
ABC
Dec 26, 2012 5:30pm EST
-- dammenned by hurricane sandy, the new town shooting and the fiscal cliff. sales increased only 7/10ths of a. >>> experted expected it to increase % to -- 3% to 4%. >> we want it hear from you. have you been waiting for hanukkah and christmas to pass to pick up the sales. will you be heading to the mall over the next few days. >>> well, have you ever left homeland forgot on it close your garage or worse, come home to an overflowing toilet. angie's list home automation system. >> reporter: it can integrate all the systems of your house. she and her family were moving into a house her grandmother had lived in for 4345 years -- 45 years. >> we did the home security, surround sound, speakers, audio systems throughout the house and savant control. we can control everything from our tv, alarm. >> the great thing about home automation, you can do it piecemeal. you can add additional things later. >> reporter: there are many subsystems that can be brought together. >> the home automation system integrates your security, your lighting control, your climate control and your audio/visual. imagine leavi
NBC
Dec 25, 2012 11:00pm EST
heard about the fiscal cliff. for a lot of people, the so- called dairy cliff is new. the price of a gallon of milk could go up to about $8 a gallon. shoppers are taking a detail around the dairy aisle. prices could double if congress does not pass the farm bill by the end of the year. >> the old subsidy was based on the 1949 production process of milk production. >> according to a university expert, if lawmakers do not come to an agreement, washington will be forced to pay farmers based on very dated calculations. >> it would translate to about $8 per gallon some time after january 1. >> as lawmakers aha new york russell with the fiscal of, some shoppers are already suffering on milk. >> we have a son, and he likes it. i am not going to continue buying it. >> customers who could start gravitating toward moment milk could pose -- toward almond and soy milk could cause problems for the dairy industry. >> people might find subsidies to milk. >> it affects other items, like cheese and ice cream. >> it is big in my house. but we would have to cut back. >> if there is one thing every
CBS
Dec 26, 2012 4:00am PST
and tolerance. the pope also prayed china's new leaders will shington's ability to avert the fiscal cliff. on monday before closing for christmas, the dow lost 52 points, while the nasdaq dropped eight. >>> new taxes to help pay for the affordable health care act take effect january 1st. the average american won't be spending more money to the irs. the wealthiest 2% of americans and the health care industry will pick up most of the tab. >>> milk is a staple in every home, ask starting in the new year you could be paying twice as much for it. a government subsidy expires at the end of this year. unless congress extends it, the cost could skyrocket to above $7 a gallon, putting a major hirchlg on families already struggling to make ends meet. >>> bad news for retailers. holiday sales proved this year it was the weakest since 2008. one report put the increase at just 0.7%, are far below analyst predictions of 3% to 4%. superstorm sandy and the looming fiscal cliff disrupted the shopping season. >>> and if you are returning my holiday gifts, have your right and a lot of patience. usa today re
CNBC
Dec 26, 2012 4:00pm EST
and counting before we fall off the so-called fiscal cliff and while there's no deal, more news out of washington and our very own john harwood is there. >> reporter: mandy, we've got a letter from the republican leadership to the president and to the democrats in the senate saying that the house has acted, they passed legislation last year to extend all the tax cuts and to shift the scheduled sequester cuts from defense to domestic programs, but, of course, in urging the senate to act saying, well, we've acted, now it's your turn, we're simply not going to see the democrats take them up on that because president obama since that letter has won the election and now we're looking at the possibility of a mini deal that would get enacted before january 1st but so far all we've heard are the sounds of silence in the negotiations. a senior white house official told me today when i asked was there any holiday season progress, back channel progress over the past couple of days, got a one-word reply, no. second, the democratic senate leadership says there's a 50/50 chance that we'd get a de
CNBC
Dec 26, 2012 6:00am EST
percent and nervous about tax hikes due to the fiscal cliff and we have our julian robinson news, that he is a fake -- not he is a fake but the tweet is. we have been investigating this. it said congrats dick tracy, you must be having a pretty busy day today. >> it's not like it took hours and hours of your time. >> i know. there's not a tlot of news out there post christmas. >> julian would not try to talk about his book this way. >> you can follow me now. did you re-tweet my happy birthday? >> by the way, the fake julian robertson has 3100 followers by the way. >> oh, god. >> joining us to talk about the prospects for a deal to avoid the fiscal cliff, congressman jim himes, democrat from connecticut. congressman, there are some in both parties, i don't know, maybe they wouldn't admit it, they don't think it's the worst thing in the world to go over temporarily. where are you? >> you know, i think there's some chance we get a deal in the early weeks of january which means technically you are going over the cliff. if you vote on the deal that john boehner couldn't get done in his conferen
FOX Business
Dec 26, 2012 11:00am EST
markets next. we will see if there is a new word there about the fiscal cliff. we found some more winners on the nasdaq. ♪ with fidelity's new options platform, we've completely integrated evy step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. dagen: japan's new prime minister vowing to tighten ties with the u.s. as he works to revive the economy. some worry he will pay little attention to funds needed for growth. how does that sound familiar. the japanese market light to the news. the nikkei trading higher today. let's take a look at the ten year treasury. a gauge of how much work the federal reserve is doing by those very treasuries. it is down a little bit today. four more on that, let's bring in chris aarons from ubs. fiscal cliff, what happens to i
FOX Business
Dec 26, 2012 4:00pm EST
crashing down if we do in fact go over the fiscal cliff? up next i ask an expert. he has good news for us on gas prices to look forward to ahead. david: tom kloza is one of the smartest guys in the i will listen of the plus your tax dollars could be used to buy up more risky loans. is this another boondoggle you will end up paying for? liz macdonald has been tracking it. she has the details you don't want to miss. it will make you mad but you want to hear it coming up. david: here's your fox business brief. it was another down day for the markets as retailers took a post-holiday hit. with only five days left before the fiscal cliff washington is preparing for another round of wheeling and dealing tomorrow. at the closing bell the dow finished 24 points lower to 13,114. >>> treasury secretary tim geithner warning we will reach the debt ceiling by december 31st but geithner did say $200 billion worth of kind of wiggle room could be found, quote from extraordinary measures that would normally buy them two extra months. >>> toyota agreed to pay a billion doll to settle a class-action lawsuit
FOX News
Dec 26, 2012 12:00pm PST
to try to hammer out a deal on the fiscal cliff. where do we stand with six days to go? that's all ahead unless breaking news changes everything on "studio b." first from fox at 3:00, winter weather threatening to cause travel problems for people getting home after the holidays. some states dealing with snow, thunderstorms and tornadoes. check out this twister that touched down in mobile, alabama last night. >> oh my god, look. that's a tornado. oh, wow. oh, jesus, look at that tornado. >> nearly three dozen reported tornadoes trashing texas, louisiana, mississippi and alabama. according to the national weather service, new tornado warnings are in effect for the carolinas at the same time a winter weather system cut power to nearly 200,000 homes and businesses in the south. >> our electricity went out at our house and we're trying to get our generator started. we came to get gas for the generator. >> "the associated press" reports the storm has killed six people across the nation's midsection and moving north and east toward new england set to bring snow, sleet and thunderstorms during t
FOX Business
Dec 26, 2012 6:00pm EST
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FOX Business
Dec 26, 2012 3:00pm EST
mark. again, everybody's worried about the two letters, "fc," fiscal cliff, and pulling from the u.s. dollar, the yen is pulling back, the new regem that's in there, they are doing what they need to do, and nobody's going to gold right now. silver is sneaking up slowly, above the $30 range. we'll see that take off. reason for that is we look at china. china's economy is turning the corner. that's also helping with what you folks talked about earlier in the crude oil. see how it plays out. even though it's a light volume week as far as trading -- ashley: still, though, a downward trend with the chart. what's the story with silver? >> well, you saw silver pull back with gold. normally, they run, and now what we're seeing is there's a little bit more demand. china's picking up the pace a little. we are seeing silver that's up, what, 24 cents as of today? not a bad move from a one day, especially in the light volume. ashley: if we get it done on the fiscal cliff, will we see a selloff in metals? >> i don't believe that we will. europe right now is the safe haven. there's no negative ne
NBC
Dec 26, 2012 12:00pm EST
, but with new year's just a few days away a plan to avoid the fiscal cliff may come down to the wire. president obama spent part of this christmas greeting troops and how why he. >> not only do we have the finest military in the world -- >> but tonight he will leave the state for washington, and a state of gridlock, calls it -- as they struggle to come to a compromise to avoid tax hikes and spending cuts. members of both the house and senate are also heading back to capitol hill tomorrow. after the holiday break the president hopes will provide perspective. >> everybody can cool off, everybody can drink some eggnog and have some christmas cookies. >> and return to washington after speaker john boehner failed to get enough support for muslim party for a plan b that the bill that would raise taxes for those making more than a million dollars a year. >> what the president has offered so far simply would not do anything to solve our spending problem and begin to address the nation's crippling debt. >> so are still a stalemate. with the january 1 deadline quickly approaching, some were very we might
KRON
Dec 26, 2012 4:00am PST
in the looming fiscal cliff crisis. some good news is expected today an economic report due later today is likely to show continued improvement in the housing market. there are also some early readings on the strength of the holiday shopping season. marcus will open at 630 this morning. >> samsung is seeking a ban on the import and sale of some ericsson products in the u.s., escalating a dispute over patent fees. the company is seeking to ban ericsson products that allegedly violate seven patents. the complaints at the trade commission followed a dispute over mobile technology patents that erickson brought before a u.s. district court after the two sides failed to agree on licensing terms. in november, ericsson said the samsung is seeking to drastically reduce the it pays to license patents. >> here is the san francisco skyline and dapsang and should be coming up. we do have ran off and on. we will be right back. >> welcome back. member of a sierra nevada ski resort patrol team who was injured after being caught in an avalanche has died. alpine meadows say that yesterday at 53 year-old bill fost
CNBC
Dec 26, 2012 1:00pm EST
america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case. we still have a few days left. a white house official told me that there have been no progress over the last couple of days, but an aide to senator harry reid told me there's still a 50/50 chance we get a mini deal that would put off the effects of the cliff at least temporarily and a 50/50 chance of that happening before january 1st. so even though there's a small number of days, sometimes the urgency of a deadline forces lawmakers to overcome differences they can't overcome otherwise. >> remind us, john, a mini deal is composed in the senate but still has to pass through house republicans and boehner or not? >
KRON
Dec 25, 2012 11:00pm PST
is returning to the white house to work on a fiscal cliff deal before the year ends. house and senate members are going to reconvene without an agreement, automatic tax increases and that will be triggered in the new year. it looks like few people season. retails are the weakest. holiday sales increased. and they expected them to go 6 to 4%. it's blamed on super sandy which stroke the east coast but let us not forget why obama is returning from hawaii early. the lawmakers will be able to reach a deal. >>> we have rainfalling across the bay area and some heavy showers and departing san jose out of the santa clarita valley but there's showers coming in and i'll let you know on storm track 4 coming up. with my keurig vue brewer, i can brew my coffee just the way i love it. how do you do that? inside the brewer, there's this train that makes coffee stronger, bigger, and hotter! actually, i just press this button. brew what you love with the keurig vue. >> we have wet weather still falling across the bay area and here's live storm track, but the rain is gone for this evening and showers in the sou
CNBC
Dec 26, 2012 9:00am EST
suggesting that the fiscal cliff trade here whenever you get bad news from washington is buy the dollar as a safe haven. you're going the other way here. >> right. well, i think there's going to be some battles. i think most of the market feels you will get forward movement when congress comes back. you're going to get a very watered-down plan to punt this forward. that's something i've been telling clients for about three months. that's my expectation, punt forward, but not going to be very pleasant. >> good to see you, andy. hope you had a good holiday. andy busch with "money in motion." catch currency trading on friday at 5:30 p.m. eastern. if you want more education about currencies, go to currency class at money in motion.cnbc.com. >> an article in today's "new york times" finds once traditional dating priorities like having a good job, physical chemistry, may not matter if your credit score is less than attractive. the "times" interviewed more than 50 daters all around the u.s. they were all under 40 years old. brings us to this morning's squawk on the tweet. what's the most impor
CNBC
Dec 26, 2012 3:00pm EST
in and day out on the financial news talking about the fiscal cliff, economists talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year w
FOX News
Dec 26, 2012 10:00am PST
. new developments in the effort to avert the fiscal cliff. coming up the policy democrats are now floating as a possible solution that they fiercely opposed during the bush administration. gregg: and the latest on a nasty winter storm over the midwest that's now on a collision course with the east coast. >> there is a small town maybe ten miles from here, love lady, and it blew the roof off of a bank into another house, that is a couple of structures. as far as i know there was a guy, he had a house maybe a mile from here and it totally took it down. [ all ] 3, 2, 1... [ male announcer ] as the year counts down, your savings can add up with the adt new year's sale. help protect your family with the advanced technology of adt starting at just $99 -- a savings of $300 plus 15% off accessories. but you must call before midnight january 2nd. more than a security system, adt can help let your family in from the cold even when you're away from home. adjust your thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt,
CSPAN
Dec 26, 2012 7:00am EST
: in the new year, i think they come to some resolution of the fiscal cliff. we are looking forward to another year like we had. 2% growth are a little less. the prospects this quarter were impaired by the cliff, and we expect that to go forward into the next quarter. host: the president coming into town tonight, and the congress tomorrow. realistically, what do you think will happen? guest: i do not think a lot will happen and i think we will go over the cliff. i am an economist, not a politician. i do not believe that the republicans will give the president merely a tax increase on people over $250,000. there are not able to push that through the house with some spending cuts. that does not seem to make much sense. host: peter will be here for 40 minutes taking your calls and tweets about the u.s. economy. we continue to take a look at economic matters. our guest recently wrote about the debt limit. the headline in "the boston globe" -- do you agree with that sentiment? guest: i would hope it would not threaten the economy again. it is all bound up in this issue of curbing government spendi
CNBC
Dec 26, 2012 12:00pm EST
to the top of it. the market is telling us the news out of the middle east and the news on the fiscal cliff is a pretty big deal. now it's decision time. is it big enough to take it above 91.25 and settle there? if it can't do that, it will be considered a failure. i want to be short oil and i think 8620 would be the downside. >> on the up side we're watching 9125. now you know what our guys are doing. are you buying or selling crude surge today? head to futures now.cnbc.com and vote in our poll. don't forget to check out our next online show that will be tomorrow at 1:00 p.m. scott being barks to you. >>> we'll see you tomorrow at 1:00. right now when "halftime" comes back. we target stocks in the tech world. find out who has what it takes to become number one. >>> first, christmas nightmare. netflix sees outages over the holiday. the bad timing that's putting the stock in our top three trade. "halftime" is coming back right after this. >>> we're halfway through the trading day. still ahead on the half time report, a round of hold 'em or fold 'em. stick around for our final trade, the "hal
CBS
Dec 26, 2012 6:00am PST
through the south, still ahead. >> the looming "fiscal cliff" forces president obama to cut his christmas vacation short. i'm erica ferrari in new york. i'll have that and more coming up in your cbsmoneywatch report. >>> and what's cool about your school? you can submit your nomination on our website, cbssf.com/coolschool. we may come and feature school right here on our show. ,,,,,,,,,,,,,,,, [ boy 1 ] hey! that's the last crescent. oh, did you want it? yea we'll split it. [ female announcer ] made fresh, so light, buttery and flakey. that's half that's not half! guys, i have more! thanks mom [ female announcer ] pillsbury crescents. let the making begin [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster >>> welcome back! here's your cbs 5 snow report: basketball team is spending holiday season in hawai'i. much more traffic and weather coming up. >>> one local college basketball team is spending the holiday season in hawaii the university of san francisco taking on the east tennessee state on ch
CNBC
Dec 26, 2012 5:00am EST
. in today's top stories, the u.s. is five days away from going over the fiscal cliff. president obama is cutting his holiday vacation short, returning to washington tomorrow to continue talks to try to avoid that automatic tax hike and spending cut combination. that's the same day that congress returns to town. before the president left town on friday, he suggested a stopgap measure to freeze tax rates for people making less than $250,000 a year and extend unemployment benefits. reports say white house staffers have been quietly working with senate democrats to come up with a plan to avoid the fiscal cliff, but little progress has been made. >>> a chinese ratings agency is putting the u.s. on negative watch citing troubles with long-term debt issues. on a statement on its web site, global credit says each political party insists on the proposition favorable for its own interest. it expects u.s. debt to rise to 105% of gdp this year and warns the country will probably fall into recession in 2013 if there's no resolution to the fiscal cliff. last year, it cut u.s. treasuries from a to a
FOX
Dec 26, 2012 7:00am PST
agree to it but it's all tied up in the fiscal cliff mess. tax filing season starts next week but the irs would put a hold on that for some. officials would wait for a deal in the new year instead of doing serious reprogramming to their tax system. filing would then be pushed back to march for millions. with refunds coming much later than usual. especially for those who plan on paying off credit card bills that often pile up after the holidays. now all of this could be avoided a deal before the deadline monday night but some long time lawmakers fear it won't happen, more on that when i see you next. live in washington. >> oil prices started edging up arch the president announced he would return from vacation early so he could work on fiscal cliff negotiations. crude oil sells for almost $91 a barrel up nearly two dollars a barrel. it's expected to increase as hope rises that a budget deal can be reached before the deadline and that could keep the economy growing while no agreement may put the united states back into recession. >> several states are under blizzard warning thi
ABC
Dec 26, 2012 6:30pm EST
that fiscal cliff, will there be a deal? also tonight, an abc news exclusive. barbara walters at the white house. asking michelle obama if she'll run for office next. and a personal question, too. >> how do you keep the fire going? >> hmm. that's a good question. >>> made in america. the great christmas challenge. >> i know, i know your show. >> she knew, and so did thousands of others. tonight, the big reveal. the videos you sent in, the made in america gifts you put under the tree. and the ones that didn't fit. >> merry christmas, david! >> how you're creating joy and jobs this christmas. >>> and caught on tape. the adorable pet dog stolen, about to be sold. you won't believe what happened next and what we witnessed today. >>> good evening on this wednesday night. and we hope you had a merry christmas. diane has a few more nights with her family, and what a night to stay indoors. across much of this country tonight, a massive winter storm and already, the ripple effect being felt coast to coast. the monster storm system stretching from indiana to maine, all the way to north carolina. mor
MSNBC
Dec 26, 2012 6:00am PST
role in the fiscal cliff negotiations that based off the current offer may only have a smaller deal. a member of the budget committee and outspoken voice on the left side of the aisle. thanks for joining me. good morning. >> mire pleasure. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respected member of the senate and what do you think is possible at this point on any type of a large scale deal. what do you see as the most likely scenario moving forward. >> i don't think it's a lack of urgency, but a great deal of concern that republican party failed to do anything. it seems that in the house, boehner has no control over his extreme right wing faction. i think the american people are very clear about what they want. what they want is to ask the wealthiest people in the country to pay their fair share of taxes. there was a poll out the other day, 70% of the american people think folks making over $250,000 a year should pay their fair share. they understand that one out of four corporations are paying nothi
FOX News
Dec 26, 2012 6:00am PST
. this is "america's newsroom." when we come back we'll debate whether a deal to avert the fiscal cliff is really possible? come on. seriously? as the president cuts his vacation short. patti ann: also some disturbing new details on a gunman's deadly ambush in upstate new york, setting a fire and then shooting the first-responders. gregg: and talk about a holiday miracle. look at this. after a man makes it is mission to find a stranger's wedding ring lost on a snow-covered highway. how could you do that? >> i like to be able to get this back to him. and he can, return, pay it forward to someone else later in life. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpn pie. and apple. 3% back on 4 trips to the airport. it's as easy as.. -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. patti ann: an in
MSNBC
Dec 26, 2012 10:00am PST
to work, another sign of inaction on the fiscal cliff front. joining me now for our daily fix, mr. jonathan capehart, msnbc contributor and "washington post" editorial writer. jonathan, we're just six days away, no indication from house republicans that they are going to come back any time soon. the leadership has gone mum on that. we know there's not been communication between boehner and mcconnell, obama and boehner. are you amazed with this short amount of time to go there seems to be no sense of urgency on either side? >> am i amazed, given what we went through with the debt ceiling, no, i'm not amazed. i think there are forces here in this town that would like for us, sure people would like for there to be a deal, but going over the cliff on january 1st when there's this notion where it's not really a cliff, it's a slope, it's a curb depending who you talk to, that you can repair the damage if you get a deal done, you know, a few days after january 3rd. i think people feel like they can slow walk. as we saw last week when plan b failed, you know, speaker boehner said it's up
FOX Business
Dec 26, 2012 5:00pm EST
in the next few hours to try to scrape out a fiscal cliff deal but hope is fading fast. if that weren't bad enough, the treasury now says the u.s. will hit the debt ceiling on new year's eve. will this be a game-changer for reaching a deal? >>> plus as if the fiscal cliff wasn't bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24 points. the so-called fear index or the
CBS
Dec 25, 2012 5:30pm PST
said forecast growth of 3% to 4%. but super-storm sandy and uncertainty over the fiscal cliff made shoppers reluctant to ersnd. in egypt, voters have approved a new constitution based largely on islamic law. 64% voted yes but the turnout as very low, a little less than a third of eligible voters. coposition leaders say the constitution takes away many of their rights. in syria's civil war, rebel forces appear to be gaining ground against the assad regime. sctivists say the rebels captured the town of harem along the turkish border after a cttle that lasted four weeks. the rebels had already captured other towns in the area and at least three military bases. thpe benedict spoke up today for the 40,000 killed in syria in inarly two years of fighting. ,n his christmas address, he denounced the slaughter of the defenseless. inialso urged palestinians and israelis to find the courage to negotiate. the housing industry is coming back, and guess who is on a buying spree? and this could be a huge advance in space flight. spreusable rocket. when the cbs evening news continues. continues. if
FOX
Dec 26, 2012 5:00am PST
but those are expected to be good. trading volume is still light but the fiscal cliff deadline still approaches. >>> she saved two girls and now some positive news for the hero dog, how her health has improved. >>> and more from the tsunami, the washington shore and we have some concerns about it. >>> and you will wake up while you were sleeping it was sent straight to you and you can get your morning wake-up call by texting 70123. . >>> well check out this boat, it is believed to have washed out to sea during the japanese tsunami. it washed ashore and crabs and mussels also showed up and it's concerned it could hurt native species. they will contact the consulate and they will find out if the owner still wants to claim it. >>> survivors held prayer services across thailand to remember the victims of the earthquake and tsunami. tsunamis tore through 14 countries and 20 14,000 people have lost their lives. >>> it has become a huge shopping day similar to black friday here in the united states. and the malls in england and canada are already packed with shoppers. it is a national shopp
CNN
Dec 26, 2012 1:00pm PST
the fiscal cliff. why? after january 1st, when everyone's taxes go up, the new congress sworn this on january 3rd could vote to cut taxes. a much easier vote to cast for republicans as well as some democrats. as for the president, is he nhe scheduled to leave his family tonight, come back to washington tomorrow morning, in the hopes of helping his fellow democrats try to find enough republicans to pass his plan. but of course this goes without saying that was a plan that most if not all republicans campaigned very strongly against. >> the most likely scenario is actually did go off the cliff now. ryan liza is our correspondent from washington. you look at this and we're hearing echos of the past. the republican speaker from the house of representatives said, and i have it here somewhere, i don't want to be critical of john, meaning john boehner, but if you don't ever bring something to the floor without the votes. so this is what happened last thursday night where he brought this bill to the floor, his plan b, and it went nowhere. was that a major miscalculation for him? >> it was. look, denn
PBS
Dec 25, 2012 4:30pm PST
.6%. but with this year's cliffhanger over the fiscal cliff, many doubt wall street will see the jolly fat man before the new year. watch nbr at 6:30 here on 13.
FOX
Dec 26, 2012 12:00pm PST
, weakness on the retail sector and worries over the fiscal cliff keeping low. s and p and nasdaq also in the red. >>> today's price report shows average home prices up more than 4% in the 20 largest markets, prices here in the san francisco bay area are up even more. prices jumped 8.9% in october compared to the same time the year before. they increased .7% froms. that bucked the national trend where values dipped compared to september. >>> today on the news at five the latest on that body found in santa rosa, also the weather remaining an issue for parts of the bay area though the storms have moved out. and a look at the trouble spots and in the sierra where a storm warning is in effect for the rest of the day and there are concerns up there about some avalanches. thank you for trusting us. we will see you the next time news breaks, also always here  at ktvu.com and mobile ktvu. have a great afternoon everybody. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed
ABC
Dec 26, 2012 6:00pm EST
. >>> efforts to avoid the fiscal cliff will get underway tomorrow. president obama spent the day in hawaii thanking the troops for their service. time is running out and so far, lawmakers have struggled to find a compromise. >> then they say go back to the table, not your own table, but the table in washington because middle class people shouldn't have their income go up an average of $2,000 a year. >> some experts say a smaller simpler deal that delays the toughest issues could get us over the fiscal cliff gently. >>> starbucks is taking a stand on the fiscal cliff. the chain's ceo is asking stores to write "come together" on the coffee cups they sell tomorrow. starbucks says workers are not required to write the message though. >>> there is a positive sign for the economy that housing is rebounding. home prices were up more than 4% in october compared to a year ago. that's the biggest percentage gain in more than two years. despite increase home price are still down 29% from the peak in june of 2006. >>> it's become as much of a seasonal shopping tradition as black friday, the day people
CBS
Dec 26, 2012 7:00am PST
are growing with the fiscal cliff just six days away. a new poll finds 50% of americans think president obama and congress will reach a deal in time but that number has dropped in the past week. president obama plans to cut short his family vacation in hawaii leaving for washington late tonight. yesterday, he spoke to troops at a marine corps base in hawaii. >> on behalf of michelle and myself and our whole family we do this every year. this is where i was born so we come back for the holidays but one of our favorite things is always coming to the base on christmas day and having a chance just to meet you, those of you who have families here and to say thank you for the extraordinary work and service that you guys do each and every day. >> chip reid is in washington with more on the budget talks. chip, good morning. >> good morning, rebecca. as you mentioned, the president plans to cut short his vacation in hawaii and fly back to the white house later tonight, arriving about noon thursday. here in washington there has been no communication between republicans an
MSNBC
Dec 26, 2012 7:00am PST
about what 2013 will bring. fears of falling off the fiscal cliff are fueling this pessimism. 45% think it's unlikely a budget deal will be reached between the president and congress. but nbc news's political director chuck todd says despite that possibility, going for a small, stripped down agreement isn't all good. >> i think politically, the president's making a mistake to go for a small deal. he'll lose leverage as the year goes on. he'll get a big political victory but he should try one more time for the big deal. you had nearly 200 house republicans about to vote to raise taxes on millionaires. >> joining me now, joe sustek and david winston. thank you both for being here today. i'll start with you, congressman. does the president's ability to get what he wants diminish over time? should he go big one more time? >> for the american people. it is not about him and his leverage. i think the president needs to try to reach the big compromise with speaker boehner and the two men came very close. they were a few hundred billion dollars away. we need $3 trillion in debt redust over a de
ABC
Dec 26, 2012 6:00am EST
.c. tomorrow to work on a fiscal cliff deal before the year ends. house and senate members are expected to reconvene that day without an agreement automatic tax increases for everyone and deep spending cuts will be triggered in the new year. the main dispute continues to be over taxes. >>> some places, even here in maryland, got an unexpected white christmas. >> yeah. but certain places that never see snow got a a real taste of it. we're going to tell you how despite traffic tieups like this people were making the best of it. >>> and chips, soda, condoms, where high schoolers in one district when they come back from their break, they're going to see a lot more in the school developing machines. >>> get started now. your resolution, get a head start, we have you covered. >>> i'm mike massco. down to the south and west we go. it's starting to snow. we're going to see a burst of snow this morning, but a big changeover to rain. we'll have the forecast coming up. >>reporter: mike, no delays here on 695 just south of burniee highway. i'll tet you know what traffic looks like on 83 on "good
MSNBC
Dec 26, 2012 8:00am PST
elected leaders. are you optimistic that congress will meet a post-christmas fiscal cliff deal? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> so as newtown, connecticut, recovers from the tragic shooting, police are across new england stepped in to give officers at the town's police department a day off to spend time with their families and that christmas is one of the millions the town received from all over the world after 20 children and 6 educators died in the massacre. and with students across the u.s. enjoying the break, a national debate is raging about whether more guns in schools would keep them safe in the wake of that massacre. right now, at least one new jersey town plans to p
MSNBC
Dec 26, 2012 9:00am PST
mitchell reports," six days till the new year, and there's no bipartisan deal to avert the fiscal cliff in sight. the president is cutting his vacation short, but the house is still in recess with no immediate plans to return. the ball is now in senate democrat's court and
FOX News
Dec 25, 2012 4:00pm PST
with the fiscal cliff deadline. he isn't the only one. there is new developments coming in right now and we'll have them for you next. [ boy ] there i was. another holiday stuck at the kids table again. then it happened. every boy's dream. i got called up to the big leagues. i was finally a man... on my way to shaving, driving and staying up past midnight. [ whoosh ] [ whoosh ] [ whoosh ] being an adult is overrated. [ male announcer ] holidays aren't the same without the real cream of reddi-wip. the sound of reddi-wip [ whoosh ] is the sound of joy. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. it's our top story on this fox trip across america. >> texas. the san san antonio homeowner says his house shook and then boom. a neighbor says his kids were playing nearby just before the cessna came down. >> it went wing up right through the fence right there into the trees, through the tr
FOX News
Dec 26, 2012 2:00pm PST
for fiscal cliff so no surprise they are using hope for the future. "washington post"/abc news poll says 72% of the g.o.p. is fearful about what lies ahead in 2013. all right, so let's take a look at the 72% of republicans say they are very fearful, which is up by double digits than what they were i guess under president bush. so greg, are republicans more grounded in reason, they see the future as nail biter? >> greg: conservatives are vampire killers. liberals hate the vampire killers. so the republicans are terrified that the government is expanding. the vampires are hopeful. >> andrea: have you been watching "twilights >> greg: i have been home with the flu watching vampire movies. >> andrea: noah's neighbors were hopeful for the future, too. >> kimberly: they're hopeful because the guys got in. they are entitlement dancing over their head. i would be in a good mood, too. people who are realistics that earn a living and pull out the wallet to pay for stuff. you got worries. look at the numbers for holiday shopping. worst in four years. what does it tell you about optimism across the cou
CNN
Dec 26, 2012 6:00am PST
of superstorm sandy. investors are still concerned about the looming fiscal cliff. >>> blizzard warning in up to six states. in arkansas the national guard has been called to provide ambulance service for residents. heavy snow and strong winds will lead to whiteout conditions across the ohio river valley. the heaviest snow is expected to move into western pennsylvania and new york state this afternoon. >>> hundreds of american families wanting to adopt russian children may have their dreams dashed. they have given final approval for a ban on such adoptions, seen as payback for a recently signed u.s. law imposing travel and financial restrictions on human rights abusers in russia. >>> there are six days left until the u.s. crosses over the so-called fiscal cliff. in case washington doesn't make a deal we're doing our best to get you ready. every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >
MSNBC
Dec 26, 2012 1:00pm PST
the looming fiscal cliff within the next six days. it's a matter that's been made all the more difficult with news today that speaker boehner's house will not be back to work on thursday. we've got kristen welker joining us from beautiful honolulu. that's a lovely spot there. >> it is. hey, karen. >> hey. wel get to the fiscal cliff in just a moment. we understand that you've just gotten word that the president is actually getting updates on the condition of former president rw bush. what can you tell us about that sfl. >> that's right. according to a senior official, president obama has been kept up to date on the condition of former president bush. he is recovering. he spent christmas in the hospital. doctors kept him there after concern that his fever was increasing. now, the senior administration officials won't confirm who's updating president obama. karen, it's not unusual for a sitting president to be kept in the loop when this type of situation arouss. when a former president is ill. so we are being told he has been kept in the loop. and of course the entire white house watching
CNN
Dec 26, 2012 8:00am PST
lulu, thank you, brianna. >>> a brand-new gallup poll shows half the country still thinks a fiscal cliff compromise is likely, down nine points from earlier this month. ♪ [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers. >>> some gun owners in the new york city area say they are being unfairly targeted and they're blaming a local newspaper. here's why. "the journal news" published an interactive map on its website showing the names and addresses of all handgun permit owners in westchester and rockland counties. you can see them here represented by red dots. the response has been overwhelmingly angry. and some residents who don't have guns say it lets potential robbers know who isn't armed. "the journal news" says it made the decision to put up the map in response to the connecticut school massacre. >>> if you live i
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